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Financial Literacy Check in Flashcards | StudBud

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Financial Literacy Check in

7 terms·StudBud Administration·78 plays

This will used for a financial literacy unity check in with high school students in an Independent Living class.

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Questions 7

Answers

1
You are injured in an automobile accident and are unable to work for 2 months what insurance?
Life
Disability
Auto
Health
2
What is the main difference between a checking account and a savings account?
A savings account is free and a checking account is not
A checking account has fees and a savings account doesn't
A savings account earns interest & a checking doesn't
All of the above
3
What is the interest rate on a credit card called?
interest
None of the above
Taxes
APR
4
What is the first step you take when your identity is stolen?
Place fraud alert on your credit report
change all your passwords
notify the financial institution where fraud occured
Order your credit reports
5
What is appreciation in an investment?
When the value of the investment goes up
when the value of the investment stays the same
when the value of the investment goes down
None of the above
6
What belongs in the black box on this check?
the date
Who the check is going to
the amount of money
Your signature
7
What is the difference between a bank and a credit union?
credit unions offer lower loan rates
Credit unions are non-profit and banks are for-profit
All of the above
banks have shareholders and credit unions have members